The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Japan’s unemployment rate rose slightly from the previous month in November even as more openings for jobseekers were available, data from the Ministry of Internal Affairs and Communications showed on Friday.
Unemployment rate rose to 2.5% for last month, up from the 2.4% increase in October. Economists had expected unemployment for the month to remain at 2.4%.
Jobs availability rose to 1.63 jobs per applicant in November compared to 1.62 jobs a month ago, in line with expectations.
The job market contributes to how the economy performs and a worsening employment situation will not help the Bank of Japan (BOJ) to keep to its annual inflation target of 2.0%.
In spite of massive monetary stimulus efforts from the BOJ to curtail price declines, inflation has been struggling to accelerate, posing as a challenge to the central bank.
On Friday, separate government data revealed Tokyo’s consumer prices rising 0.9%, matching expectations. The core CPI includes oil products but excludes the prices of fresh food. The Tokyo index is a leading indicator to track consumer inflation in the country.
.jpg)
